Tag: ETFs

ETFs not the only factor behind Bitcoin’s run

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Ryan Lee, the chief analyst at Bitget Research, observed that while Bitcoin exchange-traded funds play a major role in driving demand, multiple factors are contributing to Bitcoin’s momentum. Since January 2024, when spot Bitcoin (BTC) ETFs began trading in the U.S., the market has witnessed massive inflows. These investment products have accumulated over $24 billion in net flows—with $5.4 billion in net inflows in October alone. However, Lee told crypto.news that ETFs are not solely responsible for Bitcoin’s bullish trend, as the asset retested the $73,000 mark amid an impressive…

Bitcoin ETFs Capture $893M in a Day: Which Funds Are Pulling Ahead?

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Based on Wednesday’s data, spot bitcoin exchange-traded funds (ETFs) attracted inflows totaling $893.21 million, with Blackrock taking a notable lead. Blackrock’s Bitcoin ETF Hits Big Numbers Crypto ETFs continue to draw investor attention as both spot bitcoin and ether funds posted gains. The bitcoin ETFs nearly reached $1 billion, securing $893.21 million, led by Blackrock’s […] Original

Bitcoin ETFs Could Cross 1 Million BTC Today

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Este artículo también está disponible en español. US Bitcoin ETFs recorded their highest daily inflow since inception, amassing $870 million on Tuesday. This surge in investment comes as the largest cryptocurrency inches closer to its all-time high of $73,700, originally reached in March.  This comes as investor sentiment appears to be buoyed by speculation surrounding a potential victory for Republican candidate Donald Trump over VP Kamala Harris, which many believe could foster a more positive environment for the digital asset ecosystem, ultimately favoring crypto prices. Bitcoin ETFs Inflows And Price…

Spot Bitcoin ETFs recorded 5-month high inflows of $870m

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The U.S.-based spot Bitcoin exchange-traded funds have been running wild over the past three weeks, acting as a major catalyst for the market-wide bullish momentum. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $870.1 million in net inflows on Oct. 29—a level last seen on June 4. BlackRock’s IBIT fund led with $642.9 million in inflows, with its total net inflows reaching $24.94 billion. Here’s a quick review of the ETF performance yesterday:  Fidelity’s FBTC: $133.9 million in inflows. Bitwise’s BITB: $52.5 million…

BTC ETFs Record Massive $870 Million Inflows

“$IBIT traded $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% (typically ETF volume spikes in a downturn/crisis),” Balchunas said on X. “Occasionally tho volume can spike if there a FOMO-ing frenzy (a la $ARKK in 2020). Given the surge in price past few days, my guess is this is latter, which means look for (more) big inflows this week.” Source

Bitcoin ETFs Score $479M in Inflows as Blackrock Surpasses 400,000 BTC

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Monday’s spot crypto exchange-traded fund (ETF) data shows bitcoin (BTC) ETFs reeling in positive inflows of $479.35 million, while ether (ETH) ETFs experienced a slight decline. Bitcoin ETFs Absorb $479M Bitcoin exchange-traded funds (ETFs) have been on a winning streak lately, scooping up significant inflows. On Monday alone, the 12 bitcoin-focused funds saw a collective […] Original

Bitcoin ETFs log 4-day inflow streak with $479m, Ether ETFs face outflows

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Spot Bitcoin exchange-traded funds in the U.S. recorded $479.35 million in inflows on Oct. 28 marking their fourth straight day of net inflows while spot Ether ETFs saw a slowdown in net outflows. According to data from SoSoValue, the majority of the inflows were seen from BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, which saw $315.2 million enter the fund, extending its inflow streak of 10 days. Since its launch, the fund has amassed $24.3 billion in cumulative net inflows. This strong performance from IBIT was complemented…